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Dollar could push gold to $500
level in 2005 Gold prices could reach $500 a troy ounce this year if the dollar continues to be forced down by concerns about the twin US deficits, said GFMS, the precious metals consultancy, on Thursday. “We are reasonably sure that we will see a $470 or $480 gold price, and I think there is a distinct possibility that we could see $500 this year,” said Philip Klapwijk, executive chairman of GFMS, at the launch of the group’s 2005 gold survey |
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